wake up axe, page-7

Here is the news-flow outlook as per announcements:

The Q1 2013 drill program will consist of:

1. Drilling of projected regional extensions to the Campoona Shaft graphite deposit.

2. Drilling to test for copper/gold targets at Robertstown near Burra.

3. Drilling to test anomalous EM graphite targets on Eyre Peninsula tenements.

4. Drilling of the epithermal gold target at Bartel near Cleve on Eyre Peninsula.

Nominal Drill Schedule:

Campoona Graphite Targets Late January – mid February 2013

Robertstown Copper Targets Mid February – late February 2013

Mt Shannan Graphite Targets Early March to mid April 2013

Bartel Epithermal Gold Target April 2013

"Significant progress made on defining the optimum processing flow sheet for the extraction of high value graphite product. Results to date demonstrate >98%TGC concentrates are reproducible with excellent recoveries. Full metallurgical results expected February 2013."

Cash in bank on 31st December 2012 of $11.193 million. $548,000 spent on exploration during the quarter.

ACTIVITIES FOR JANUARY QUARTER

Metallurgical test work on the Campoona Shaft diamond drill samples finalised.

RC drill testing the northern and southern strike extensions to the Campoona graphite deposit, which comprises a cumulative strike length of 10km.

Drill test EM signatures that parallel the Campoona structure for graphite.

Drill test conductive structures at Bartel for gold.
Initial RC drill testing of the Robertstown, Mimic and

North Cowell copper targets.

And according to page 15 of " SA Exploration & Mining Conference Presentation 7 December" announcement, we will be looking at a campoona central JORC resource in April / May.

All of this info is in the announcements, I dont normally do this but I guess its nice to read it all in one place.

Mungo